Asahi Life Asset Management CO. LTD. Sells 18,113 Shares of Intel Co. (NASDAQ:INTC)

Asahi Life Asset Management CO. LTD. trimmed its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 29.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,919 shares of the chip maker’s stock after selling 18,113 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Intel were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Financial Avengers Inc. lifted its stake in shares of Intel by 9.9% in the third quarter. Financial Avengers Inc. now owns 110,886 shares of the chip maker’s stock valued at $2,858,000 after buying an additional 9,956 shares in the last quarter. Zuckerman Investment Group LLC lifted its stake in shares of Intel by 63.2% in the third quarter. Zuckerman Investment Group LLC now owns 16,368 shares of the chip maker’s stock valued at $422,000 after buying an additional 6,340 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its stake in shares of Intel by 11.5% in the third quarter. Clifford Swan Investment Counsel LLC now owns 798,866 shares of the chip maker’s stock valued at $20,587,000 after buying an additional 82,678 shares in the last quarter. Bellecapital International Ltd. lifted its stake in shares of Intel by 78.4% in the third quarter. Bellecapital International Ltd. now owns 27,396 shares of the chip maker’s stock valued at $706,000 after buying an additional 12,040 shares in the last quarter. Finally, Cowa LLC raised its holdings in shares of Intel by 340.7% in the third quarter. Cowa LLC now owns 6,743 shares of the chip maker’s stock valued at $349,000 after purchasing an additional 5,213 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lip Bu Tan acquired 1,854 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now owns 2,354 shares of the company’s stock, valued at $64,711.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lip Bu Tan bought 1,854 shares of the company’s stock in a transaction on Friday, November 4th. The stock was acquired at an average cost of $27.49 per share, for a total transaction of $50,966.46. Following the completion of the transaction, the director now directly owns 2,354 shares in the company, valued at approximately $64,711.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 8,830 shares of the company’s stock in a transaction on Monday, October 31st. The shares were bought at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the transaction, the chief executive officer now owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 58,830 shares of company stock worth $1,646,744. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

INTC has been the subject of several analyst reports. Barclays upgraded shares of Intel from an “underweight” rating to an “equal weight” rating and set a $30.00 target price for the company in a report on Friday, October 28th. Robert W. Baird lowered their target price on shares of Intel from $40.00 to $34.00 in a report on Monday, October 31st. Wedbush reiterated an “underperform” rating on shares of Intel in a report on Monday. Morgan Stanley lowered their target price on shares of Intel from $36.00 to $29.50 and set an “underweight” rating for the company in a report on Friday, October 28th. Finally, Summit Insights upgraded shares of Intel from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Ten investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.29.

Intel Price Performance

Shares of INTC stock traded down $0.54 during trading hours on Wednesday, reaching $29.38. The stock had a trading volume of 3,631,914 shares, compared to its average volume of 31,486,307. The stock’s fifty day simple moving average is $28.42 and its 200 day simple moving average is $30.46. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. Intel Co. has a 12 month low of $24.59 and a 12 month high of $52.72. The firm has a market capitalization of $121.25 billion, a PE ratio of 9.21, a PEG ratio of 2.26 and a beta of 0.77.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings data on Thursday, October 27th. The chip maker reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.25. Intel had a net margin of 19.13% and a return on equity of 11.67%. The company had revenue of $15.34 billion during the quarter, compared to analyst estimates of $15.49 billion. On average, equities research analysts predict that Intel Co. will post 1.95 EPS for the current year.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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